2017-batch crypto trader. Ex-Bitmex trollbox legend - 100xed net worth trading perps in April'18 in exactly 10 days. Ex-FTX leaderboard (ended not nicely!)
Apr 27, 2021 • 24 tweets • 7 min read
Soo.. why I market swapped (in batches) $2mil into @QuickswapDEX token (market buying #matic in $0.41-$0.43 range en-route to the AAM to swap matic->quick) and not looking to sell any time soon despite being in 60-70% profit already?
First of all, have to recognize that we are in the wide crypto bull market.
Ok guys, i haven't been writing for a while but I figured a very nice Bitmex trick. This helped me making the killing trade below.
I'll go with an example.
Current Index price: 5500
Current swap price: 5000
If you go 100x long, your liq will be 4975. But it will be based on index so price needs to dump 10% to liq you, while you risk 1%.
So if it goes down 10%, you loose 1%. If it goes up 10%, you make 10%.
Jun 27, 2019 • 5 tweets • 1 min read
My risk management is very "risky" because I don't usually have definied stop losses, especially trading against the trend (if you short because something is "overbought" that thesis means you can't really find a good stop sometimes).
Yet, that means that a lot of losing positions get closed at BE on dips/bounces instead of getting stopped out at prices that often end up local tops/bottoms. It reqs me to often watch charts and waste a lot of time. I believe that is one of the keys to my success
